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Use Of Refund Anticipation Loans By Earned Income Tax Credit Filers In Central City Milwaukee Neighborhoods, Lois M. Quinn
Use Of Refund Anticipation Loans By Earned Income Tax Credit Filers In Central City Milwaukee Neighborhoods, Lois M. Quinn
ETI Publications
This report, prepared by the Employment and Training Institute in cooperation with The Brookings Institution, reviews the use of rapid refund anticipation loans by zipcode area in central city Milwaukee neighborhoods. The analysis utilizes year 2000 income tax data files obtained by Brookings staff from the U.S. Internal Revenue Service. Nine central city Milwaukee zipcodes in the heart of the Community Development Block Grant neighborhoods were analyzed, as well as other predominantly City of Milwaukee zipcodes and predominantly suburban zipcodes in Milwaukee County. “Rapid refund loans” are similar to "payday loans." Companies advance money based on the worker's anticipated income …